Some advice for Rangers

A financial analyst has warned Rangers to forget about borrowing millions to try and stop Celtic winning 10 in a row – and concentrate on ensuring the club don’t suffer another insolvency.

David Low, who worked alongside Fergus McCann when he rescued Celtic in 1994, says Gers must stop talking about money they don’t have.

Since Sir David Murray sold the club to Craig Whyte and drove them into liquidation in 2012 the Ibrox club have lost money every year and continue to lose cash.

Celtic are 19 points clear of Mark Warburton’s side with a game in hand and are certs to claim a sixth successive title. But ex-Gers gaffer Walter Smith in Record Sport urged the board to find the resources to prevent the Hoops from making it a perfect 10. But Low, who says he and McCann were under pressure to do likewise as Parkhead chiefs, claims they’d only be throwing money away.

“It got heavy at times and there was plenty of opposition to our plans. It was all ‘sign some big names’ and ‘give Paolo di Canio what he wants’. That wasn’t always easy to deal with but Fergus was determined not to break his business model just to try to stop Rangers.

“We wanted to finish ahead of them and believed it could be done but we weren’t going to do it at any cost. In the end Rangers got to nine and we were lucky to stop them there."

Low argues Rangers have more to worry about at the moment than how successful their biggest rivals are.

He said: “Rangers are closer to Aberdeen than Celtic and that’s not going to change for quite some time.

“The problem is since they were allowed into the fourth tier in 2012 they’ve lost money every year. They are losing money again this season despite being in the Premiership and had to promise auditors further soft loans would be made to see out this season.

“In the present circumstances you would find it very difficult to find individuals or institutions who were prepared to invest in the club.

“Rangers need to come to an agreement with Mike Ashley to renegotiate their retail agreement – and that may mean Dave King leaving the board, as it seems to be personal between them. They could then try to attract a sensible businessman like Brian Kennedy to run the club properly.

“But the first thing they need to do is stop being obsessed with stopping 10 in a row because it’s not about that any more – it’s about survival.

“It’s about taking a long-term view and building the right foundations. That’s what we did 20 years ago and we’ve been vindicated."

comment by Dave King MBA WATP EBT IOU (U21090)
posted 11 minutes ago
I think it's a topical subject.
Rangers have a dilema.
Strangely though, no Rangers fans want to discuss it.
Go figure.
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It's only a dilemma to you, Rangers will live within their means, they will not run up debts to catch Celtic in the way Celtic did to catch Rangers in the 90d there is no dilemma, it's papers filling column inches during the winter break

comment by My POV-2 for 2 in name change bets against lauders (U10636)
posted 3 minutes ago
How many times does it have to be said-Rangers are not living within their means and are well over £10 million in debt already-and that was just to get back to the top league!
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3,475,798

comment by Elitewolf (lets do this) 🇬🇧 (U16936)
posted 33 minutes ago
comment by My POV-2 for 2 in name change bets against lauders (U10636)
posted 3 minutes ago
How many times does it have to be said-Rangers are not living within their means and are well over £10 million in debt already-and that was just to get back to the top league!
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3,475,798
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Heed and Irvine have told you that many times already then.